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Volkswagen May Sell Off Ducati

April 27, 2017 by Joshua Varghese Leave a Comment

new, bike, india, volkswagen, ducati, sell, news, latest

 

The German auto giant, Volkswagen are considering selling off the Italian motorcycle marque, Ducati, from their portfolio. While this may be an after-effect of the Dieselgate controversy; sources close to the company claim that Volkswagen are in the process of a strategic overhaul.

This overhaul might result in terminating a large portion of the current workforce to fund a multi-billion-Euro electric cars and mobility services project. Volkswagen-owned Audi had bought Ducati in 2012 for €860 million (Rs 7,300 crore). Ducati is now valued at €1.5 billion (Rs 12,750 crore) having posted sales figures of €593 million (Rs 5,040 crore approx) in 2016. Word on the street is that Hero MotoCorp, Chinese groups and other investors might be interested to make a move on Ducati. It remains unclear if the big motorcycle manufacturers like Harley-Davidson, Kawasaki or Honda are interested in a potential deal.

Story: Joshua Varghese

Joshua Varghese – who has written 682 posts on Bike India.


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